Read more about K E C International wins orders worth Rs 1140 cr on Business Standard. Transmission & Distribution:The business has secured orders of Rs. 963 crore for T&D projects in Middle East and Africa.
Read more about Tata Power Company Ltd sees good buying on Business Standard. Tata Power Company Ltd is quoting at Rs 96.75, up 2.87% on the day as on 12:49 IST on the NSE. The stock is up 96.05% in last one year as compared to a 29.53% gain in NIFTY and a 36.25% gain in the Nifty Energy index.
As many as 448 central sector infrastructure projects have reported a cost overrun of over Rs 4.02 lakh crore as of February 21, 2021. The monthly Flash Report by the Ministry of Statistics and Programme Implementation said that 539 projects are running behind schedule. Total original cost of implementation of the 1,739 projects was Rs 22,18,210.29 crore and their anticipated completion cost is likely to be Rs 26,20,618.44 crore, which reflects overall cost overruns of Rs 4,02,408.15 crore (18.14 per cent of original cost), it said. The expenditure incurred on these projects till January 2021 is over Rs 12.29 lakh crore, which is 46.92 per cent of the anticipated cost of the projects.
KEC International, a global infrastructure EPC major, has secured new orders of Rs 1,681 crore across its various businesses.
KEC International said its transmission & distribution business has secured orders of Rs 1,287 crore for T&D projects from Power Grid Corporation of India (PGCIL) and other customers in India, SAARC and the Americas.
Civil business has secured an order of Rs 254 crore for infra works in the Water Pipeline segment in India. Smart Infra business has secured an order of Rs. 63 crore as a Master System Integrator for Smart City ICT Components for a greenfield smart city in India. Cables business has secured orders of Rs. 77 crore for various types of cables in India and overseas.